Jobs
Jobless Claims Lack Catalyst for Friday's Unemployment Data
Published:
Last Updated:
The Labor Department posted the weekly jobless claims data this morning. The figure came to a gain of 1,000 on an adjusted basis to 433,000. Bloomberg had the consensus estimate at 450,000, although that may have come down on the previews of the other jobs data that had come out throughout this week.
The four-week average posted an eighteen-week run downward by a drop of 10,250 to 450,250. The big figure was in the army of unemployed measured by the continuing jobless claims, which fell by 179,000 to 4,802,000.
Today’s data is still headed in teh right direction, but the problem is that these figures are not deemed anywhere near enough to considerably move the needle in unemployment nor in jobs growth. All eyes will probably look a bit past today and look to unemployment and the change in in non-farm payrolls due Friday.
JON C. OGG
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
